Given the information below, which bond(s) will be issued at a discount?

a. Bond 1

b. Bond 3

c. Bond 2 and 4

d. Bonds 1 and 3

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Bonds payable should be reported as a long-term liability in the balance sheet at:

a. Face Value.

b. Current bond market price.

c. Carrying value. \

d. Face value less accrued interest since the last interest payment date.